Guideline Value for Ramesh Nagar
₹1320/sq.ft.
The guideline value for Ramesh Nagar in Pulikoradu village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Pulikoradu
Village
Tambaram Joint 1
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹300 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Ramesh Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Ramesh Nagar guideline value
The current guideline value of Ramesh Nagar in Pulikoradu village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.
How the guideline value of Ramesh Nagar has changed
The guideline value for Ramesh Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 300%. However, between 2012 and 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, followed by the latest increase to Rs 1,320 per sq.ft in 2024, reflecting a change of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.
Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 340%. The 2017 revision recorded a value of Rs 804 per sq.ft, which was a 49% increase from the previous 2012 figure. The 2024 revision is the highest recorded value for Ramesh Nagar.
Guideline values in Pulikoradu
In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Ramesh Nagar's 2024 figure above this median.
- Ramesh Nagar 1st street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 2nd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar 3rd street: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar Ext: Rs 1,320 per sq.ft (2024)
- Ramesh Nagar Main Road: Rs 1,320 per sq.ft (2024)
- Ramathilagam Nagar: Rs 880 per sq.ft (2024)
Stamp duty and registration fee for property in Ramesh Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Ramesh Nagar?
The Sub Registrar Office that covers Ramesh Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Pulikoradu
The guideline value is a crucial factor in the registration process when buying or selling property in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.
When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.
Frequently asked questions
What is the current guideline value of Ramesh Nagar?
The current guideline value of Ramesh Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 340% over the years.
What is the land classification for Ramesh Nagar?
Ramesh Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.
What are the stamp duty rates for property transactions in Ramesh Nagar?
The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.
Where is the Sub Registrar Office for Ramesh Nagar located?
The Sub Registrar Office for Ramesh Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
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